Flexible Saving Account – What Products Are Eligible

What is FSA? A flexible spending account also known as “FSA” for short is a plan created by an employer to help employees pay for their family expenses. The way FSA works is pretty simple, The money that you claim from FSA is directly deducted from your pre-tax salary and it gets used to sponsor FSA and enable employees to buy certain health and medical supplies.

If you think of FSA from even a financial standpoint, it is a great idea to contribute to your FSA, and in turn, it will lower your taxable income and in return, you can save money on medical supplies. Today Cura360 will help you explore some products that are eligible for FSA but remember there is a downside to having an FSA. Unlike, HSA (health saving account) balance doesn’t roll into the next year so it’s better to save the list of these products as they will be very helpful in improving your overall life. So before your plan end buy FSA eligible wheelchair, an FSA eligible scooter, and much more. Without Furthur, Adu let’s take a look at…

Products eligible for FSA

1. Manual & Power Wheelchair

Manual and power wheelchairs are essential tools that empower individuals with limited mobility to navigate the world around them. These devices provide a practical and reliable means of transportation, enabling individuals to maintain their independence and engage in various activities.

Manual wheelchairs offer versatility and control, allowing users to self-propel and maneuver through different environments. On the other hand, power wheelchairs provide a convenient and efficient option, particularly for those who may have limited upper body strength or endurance. All in all, they are both designed with comfort in mind. Cura360 has a load of manual & power wheelchairs that can fall into your FSA so if you need a wheelchair use your FSA dollars.

2. Electric Scooter

If you’re looking for something with less physical exhaustion, a great option will be an electric wheelchair. Issues like lack of mobility can be a big challenge making it hard for them it participating in social activities or even just run regular errands. Most of the time purchasing an electric scooter is not the problem but affording it as the user requirement can vary it can be something like having an electric scooter that works on every terrain. No problem, check out Cura360 for an electric scooter  eligible under FSA and you will find a scooter befitting your need.

3. Wheelchair Cushion & Seating

If you’re someone that spends most of their day sitting you can only imagine how painful it must be for your close one who often uses a wheelchair. Given this scenario, you can’t get rid of the wheelchair but the next best thing you can do is get yourself associated with some comfortable cushions to make their movement easy. There are many wheelchair cushions & seating eligible under FSA so you can explore a range of Cura360 products and choose the best for your loved ones.

4. Walking Aids

A walking aid can be a thoughtful and practical product for someone with mobility challenges. Whether it’s a cane, walker, or rollator, these aids provide stability, support, and increased confidence while walking. They help individuals maintain their balance, prevent falls, and navigate their surroundings with greater ease. By gifting a walking aid, you are offering the recipient the opportunity to remain active, independent, and engaged in daily activities. There are some FSA-eligible walking aids that promote safety, mobility, and improved quality of life.

5. Rehab & Braces

Rehabilitation and braces are important tools for helping people recover from injuries or conditions that affect their muscles and bones. Braces like knee or ankle supports give extra stability, reduce pain, and protect injured joints during physical activity. These treatments help the body heal, prevent more damage, and let people become more independent and get back to their normal activities. Rehab & Braces  These two go hand-in-hand in supporting and healing your overall well-being.

How much money can I contribute to an FSA?

The contribution limit for an FSA is determined by your employer and is subject to annual limits set by the Internal Revenue Service (IRS). For 2022, the maximum contribution limit for healthcare FSAs is $2,850 per individual. So to know the exact limit of your FSA plan you have to check in with your employer.

What documentation do I need to submit for FSA reimbursement?

In most cases, you will need to provide itemized receipts or documentation that shows the date, amount, and description of the expense. It’s important to keep track of your expenses and retain all relevant documentation for potential reimbursement. Keeping documentation will also help you track the balance left near the year’s end so you can use it to buy something useful for yourself.

How long does FSA last?

Flexible Spending Accounts (FSAs) typically follow a plan year that is determined by your employer. The plan year can vary, but it is often a 12-month period. However, some employers may offer a grace period or a carryover option.

A grace period allows you to use any remaining funds from your FSA for a certain period after the plan year ends. This grace period is usually 2.5 months, but it can vary depending on your employer’s plan. Remember once your FSA duration ends the balance won’t roll over to next year.

What expenses are not covered under FSA?

FSA doesn’t include cosmetic procedures, such as elective surgeries or treatments, like teeth whitening or hair removal, that are not medically necessary. Additionally, over-the-counter medications (except for some specific exceptions), health club memberships, vitamins, supplements, and general health items like toiletries or cosmetic products are usually not eligible for reimbursement through an FSA. It’s better to know about your FSA plan before making any purchase.

Conclusion:

Having a Flexible Spending Account (FSA) opens up a world of possibilities when it comes to investing in your health and well-being. With a wide range of eligible products available, you can use your FSA dollars to purchase items that enhance your physical, mental, and emotional wellness. From innovative health gadgets and fitness equipment to therapeutic devices and wellness products, the options are diverse and plentiful.

By making informed choices and understanding the FSA guidelines, you can make the most of your funds and reap the benefits of these eligible products. Embrace the opportunity to prioritize your health and explore the wide array of FSA-eligible products to create a happier, healthier, and more fulfilling life.

You can visit Cura360.com for useful product information, photos, and videos of FSA-eligible products. At Cura360, we are waiting to help you make the perfect decision toward a healthy life.

Send us a message in our chat box, and we will get back to you ASAP. You can also request a call back by clicking on the “call back” button or calling us at 1-833-207-3433.